Letter of Credit Subcommitment definition

Letter of Credit Subcommitment means $10,000,000 or, if less, the aggregate Commitments at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.

Letter of Credit Subcommitment means $45,000,000 or, if less, the Aggregate Commitments at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.

Letter of Credit Subcommitment means the commitment of Agent on behalf of Lenders to issue Letters of Credit on Borrower's account up to the aggregate face amount of $10,000,000 pursuant to and in accordance with the provisions of Section 2.02 herein.

Examples of Letter of Credit Subcommitment in a sentence

• If the Total Revolving Credit Commitment Amount is reduced to amount less than the Letter of Credit Subcommitment Amount, the Letter of Credit Subcommitment Amount shall automatically be deemed reduced to an amount equal to the Total Revolving Credit Commitment Amount.

• By: /s/ Xxxx Xxxxx Name: Xxxx Xxxxx Title: Treasurer By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Partner Commitment: $40,000,000 Letter of Credit Subcommitment: $75,000,000 Swingline Subcommitment: $10,000,000 By: /s/ Xxxxxxx X.

• Whenever the issuance of any Letter of Credit exceeds the Letter of Credit Subcommitment, the Borrower shall immediately take such action as required by Administrative Agent to reduce the face amount of outstanding Letters of Credit to an amount equal to or less than the Letter of Credit Subcommitment.

• Whenever the issuance of any Letter of Credit exceeds the Letter of Credit Subcommitment, the Borrower shall immediately take such action as required by Agent to reduce the face amount of outstanding Letters of Credit to an amount equal to or less than the Letter of Credit Subcommitment.

• In the event that a permanent reduction is made by the Borrower in the amount that may be borrowed under the Revolving Credit Loan, the Maximum Total Amount for the Revolving Credit Loan and the Revolving Credit Loan Commitment shall be reduced accordingly, and the Maximum Total Amounts with respect to the Letter of Credit Subcommitment, the Foreign Currency Commitment and the Swing Line Loan may be reduced as determined by Agent in Agent's discretion.

More Definitions of Letter of Credit Subcommitment

Letter of Credit Subcommitment means $10,000,000.

Letter of Credit Subcommitment means $2,000,000.

Letter of Credit Subcommitment means $15,000,000 (as the same may be reduced from time to time pursuant to Section 2.11. or Section 2.12.).

Letter of Credit Subcommitment means, with respect to any Issuing Bank, the amount set forth opposite its name in Schedule 2.01.

Letter of Credit Subcommitment means the commitment of the Issuing Bank established pursuant to Section 2.01 as a subfacility of the Revolving Credit Commitments to issue Letters of Credit for the account of the Borrower in an aggregate face amount not to exceed the Letter of Credit Subcommitment Amount

Letter of Credit Subcommitment means $7,126,390.

Letter of Credit Subcommitment means $20,000,000.